Key facts
- IAG said pre-tax profit fell 12.9% to 1.63 billion euro in the quarter to September 30.
- Operating profit fell 15.9% to 1.73 billion euro, the company said.
- IAG said a 30.4% jump in jet fuel costs offset a 4.5% rise in revenue.
- IAG said its full-year fuel bill is expected to reach 8.9 billion euro.
- An air traffic control incident on September 8 canceled more than 2,000 flights, IAG said.
International Airlines Group, the owner of British Airways, said pre-tax profit fell 12.9% to 1.63 billion euro in the three months to September 30, according to a Press Association report published on November 6, 2026. Operating profit fell 15.9% to 1.73 billion euro over the same period.
IAG said a 4.5% rise in revenue was not enough to offset a 30.4% jump in jet fuel costs, along with disruption from air traffic control outages. An incident at National Air Traffic Services on September 8 led to the cancellation of more than 2,000 flights and affected hundreds of thousands of passengers, the company said.
The company said its total fuel costs are expected to reach 8.9 billion euro for the financial year, even after actions to fix prices in advance. The report attributed the higher fuel prices to the Iran war; the primary block described jet fuel prices only as very high.
Chief executive Luis Gallego said: "As a result of the actions we are taking the outlook for the rest of the year, as well as the start of next year, is positive." IAG said efforts to drive savings were helping limit the impact of disruption and non-fuel costs.